| Metric | Value (₹ Cr) | Q2 FY26 | Q3 FY25 |
|---|---|---|---|
| Revenue | 7.6K | 24.7% | 118.8% |
| Total Income | 7.8K | 24.6% | 118.9% |
| Expenditure | 6.0K | 20.1% | 110.0% |
| PBT | 1.5K | 19.3% | 113.0% |
| Net Profit | 1.1K | 26.0% | 118.4% |
| OPM | 21.59% | 1.60pp | 7.65pp |
| NPM | 14.26% | 0.16pp | 0.04pp |
| EPS | 36.95 | 26.0% | 100.7% |
Waaree Energies Delivers Record-Breaking Quarterly Results with 118.81% YoY Revenue Growth and 167.16% YoY EBITDA Growth
22 Jan 2026 · 22 Jan, 2:18 am
Summary
Waaree Energies has reported a record-breaking quarter with a 118.81% YoY growth in revenue and a 167.16% YoY growth in EBITDA. The company's profit after tax (PAT) also grew by 118.35% YoY. The company has a record order book valued at ~60,000 Crores and has achieved significant growth in both topline and EBITDA.
Key Highlights
- 1
Achieved 3.51 GW module production in Q3 FY26
- 2
Achieved 0.75 GW Cell production in Q3 FY26
- 3
Reported quarterly revenue from operation of = 7,565.05 Crores
- 4
EBITDA for the quarter stood at = 1,928.15 Crores with margins of 25.49%
- 5
=Profit After Tax (PAT) of = 1,106.79 Crores
- 6
Successfully commissioned additional solar module manufacturing facility of 2.1 GW at Chikhli, Gujarat and 3 GW at Samakhiali, Gujarat
- 7
Raised ~% 1,003 Crores towards establishing a 20 GWh advanced lithium-ion cell and battery pack manufacturing facility
- 8
Waaree Group’s USD 30 million investment in United Solar Holding Inc., a leading polysilicon producer in Oman
Management Comments
Mr. Amit Paithankar
Whole Time Director & CEO, Waaree Energies Ltd
Waaree Energies has delivered another exceptional quarter, with Q3 FY26 marking record revenue and profitability... We are accelerating our transformation into an integrated clean energy solutions provider... With disciplined execution, prudent capital allocation and strategic diversification, we are confident of closing FY26 on a strong note... Waaree is on track to achieve its EBITDA target of %5,500-—6,000 crores while creating long-term value for stakeholders and contributing meaningfully to India’s clean energy transition.
Informational and educational content only. Not investment advice.